Planet Ventures Announces Proposed CAD $5,000,000 Convertible Debenture Financing to Further Accelerate Bitcoin Treasury Strategy

Core Points - Planet Ventures Inc. intends to raise up to CAD $5,000,000 through a private placement of convertible debentures to enhance its Bitcoin treasury strategy [1][3] - The debentures will have a 12% annual interest rate and will mature in 24 months, with a conversion price of $0.50 per share [2] - The company currently holds 28.8 Bitcoin and has approximately $11,500,000 in cash and marketable securities, positioning itself as a leading Bitcoin treasury company in Canada [4][5] Financial Strategy - The financing will allow Planet Ventures to increase its Bitcoin purchases and treasury holdings, demonstrating its capability to raise necessary capital [3] - The net proceeds from the offering will be exclusively used for acquiring additional Bitcoin, reinforcing long-term shareholder value through digital asset ownership [3] Regulatory and Compliance - The offering will involve participation from certain insiders, constituting a related party transaction, and the company will rely on exemptions from formal valuation and minority shareholder approval requirements [6] - All securities issued will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws [6][7]